The Business Research Company’s latest report Power Generation Global Market Report 2020 covers Power Generation market drivers, Power Generation market trends, Power Generation market segments, Power Generation market growth rate, Power Generation market major players, and Power Generation market size. The report provides in-depth analysis of the impact of COVID-19 on the Power Generation industry, along with revised market numbers due to the effects of the coronavirus.
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Power Generation Global Market Report 2020 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market. The chapter also covers markets which have been positively affected by the pandemic.
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The global power generation, transmission and control market is expected to decline from $502.1 billion in 2019 to $485.9 billion in 2020 at a compound annual growth rate (CAGR) of -3.3%. The decline is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 7% from 2021 and reach $585.7 billion in 2023.
The report covers the Power Generation market’s segments-
1) By Type: Transformer, Motor And Generator, Switchgear And Switchboard Apparatus, Relay And Industrial Control.
2) By End User Sector: Private, Public.
Subsegments Covered: Low Power Transformers (100 MVA To 500 MVA), Medium Power Transformers (501 MVA To 800 MVA), High Power Transformers (801 MVA To 1200 MVA), Motor, Generator, Switchboard, Switchgear, Relays, Industrial Controls.
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